RULE 24F-2 NOTICE
1. Name and address of issuer:
Pioneer Europe Fund
60 State Street
Boston, MA 02109-1820
2. Name of each series or class of funds for which this notice is filed:
Pioneer Europe Fund-Class A Shares
Pioneer Europe Fund-Class B Shares
Pioneer Europe Fund-Class C Shares
3. Investment Company Act File Number: 811-6151;
Securities Act File Number: 33-36265
4. Last day of fiscal year for which this notice is filed: October 31, 1996
5. Check box if this notice is being filed more than 180 days after the close
of the fiscal year but before termination of the issuer's 24f-2
declaration.
N/A
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see Instruction A.6): N/A
7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to rule
24f-2 in a prior fiscal year, but which remained unsold at the beginning of
the fiscal year:-0-
8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:-0-
9. Number and aggregate sale price of securities sold during the fiscal year.
Shares: 2,501,084 Aggregate sale price: $54,197,916
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to rule 24f-2:
Shares: 2,501,084 Aggregate sale price: $54,197,916
11 Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable (see
Instruction B.7):
Shares: 292,138 Aggregate sale price: $5,647,032
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the fiscal
year in reliance on rule 24f-2 (from Item 10):` $54,197,916
(ii) Aggregate price of shares issued in connection
with dividend reinvestment plans (from Item 11,
if applicable): + $ 5,647,032
(iii)Aggregate price of shares redeemed or repurchas-
ed during the fiscal year (if applicable): - $35,962,316
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing
fees pursuant to rule 24e-2 (if applicable): -0-
(v) Net aggregate price of securities sold and issued during the
fiscal year in reliance on rule 24f-2 [line (i), plus line (ii), less
line (iii) plus line (iv)] (if applicable): $23,882,632
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): 1/3300
(vii)Fee due [line (i) or line (v) multiplied by
line (vi)]: $7,237
Instruction: Issuers should complete line (ii), (iii), and (v) only if the
form is being filed within 60 days after the close of the issuer's
fiscal year: See Instruction C.3.
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13. Check box if fees are being remitted to the Commission's lockbox depository
as described in section 3a of the Commission' Rules of Informal and Other
Procedures (17 CFR 202.3a).
[X]
Date of mailing or wire transfer of filing fees to the Commission's lock-
box depository: December 23, 1996
SIGNATURES
This report has been signed below the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By (Signature and Title)
/s/Robert P. Nault
Assistant Secretary
Date: December 26, 1996
Board of Trustees of Pioneer Europe Fund
December 18, 1996
Page 1
HALE AND DORR
Counsellors at Law
60 State Street, Boston, Massachusetts 02109
(617)-526-6000 Fax 617-526-500
December 18, 1996
Board of Trustees of Pioneer Europe Fund
60 State Street
Boston, MA 02109
Re: Rule 24f-2 Notice
Ladies and Gentlemen:
Pioneer Europe Fund (the "Fund") is a Massachusetts business trust
organized under a written Declaration of Trust dated June 22, 1990, and executed
and delivered on such date in Boston, Massachusetts, as amended and restated on
October 13, 1992, and as further amended on November 7, 1995 (as so amended and
restated, the "Declaration of Trust"). The beneficial interests thereunder are
represented by transferable shares of beneficial interest without par value.
The Trustees of the Fund have the powers set forth in the Declaration
of Trust, subject to the terms, provisions and conditions therein provided.
Pursuant to Article V, Section 5.1 of the Declaration of Trust, the number of
shares of beneficial interest authorized to be issued under the Declaration of
Trust is unlimited and the Trustees are authorized to divide the shares into one
or more series of shares and one or more classes thereof as they deem necessary
or desirable. As of the date of this opinion, the Trustees have divided the
shares of the Fund into three classes designated as Class A, Class B and Class
C. Pursuant to Article V, Section 5.4 of the Declaration of Trust, the Trustees
may issue shares of any series for such amount and type of consideration,
including cash or property, and on such terms as they may deem best without
action or approval of the shareholders.
By vote adopted on June 22, 1990, the Trustees of the Trust authorized
the President, any Vice President, the Secretary and the Treasurer from time to
time to determine the appropriate number of shares to be registered, to register
with the Securities and Exchange Commission, and to issue and sell to the
public, such shares.
We understand that, pursuant to Rule 24f-2 under the Investment Company
Act of 1940, as amended (the "1940 Act"), the Fund has registered an indefinite
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Board of Trustees of Pioneer Europe Fund
December 18, 1996
Page 2
number of shares of beneficial interest under the Securities Act of 1933, as
amended (the "1933 Act").
We understand that you are about to file with the Securities and
Exchange Commission a notice on Form 24F-2 pursuant to Rule 24f-2 (the "Rule
24f-2 Notice") making definite the registration of 2,501,084 shares of
beneficial interest of the Fund (the "Shares") sold in reliance upon said Rule
24f-2 during the fiscal year ended October 31, 1996.
We have examined the Declaration of Trust, the By-laws, resolutions of
the Board of Trustees, a certificate of an officer of the Fund to the effect
that the Fund or its agent received the consideration for the Shares in
accordance with the terms of the Declaration of Trust, and such other documents
as we have deemed necessary or appropriate for the purposes of this opinion,
including, but not limited to, originals, or copies certified or otherwise
identified to our satisfaction, of such documents, Fund records and other
instruments. In our examination of the above documents, we have assumed the
genuineness of all signatures, the authenticity of all documents submitted to us
as originals, the conformity to original documents of all documents submitted to
us as certified or photostatic copies, the authenticity of the originals of such
latter documents and the legal competence of each individual executing any
documents.
Further, we express no opinion as to compliance with any state or
federal securities laws, including the securities laws of The Commonwealth of
Massachusetts. For purposes of this opinion letter, we have not made an
independent review of the laws of any state or jurisdiction other than The
Commonwealth of Massachusetts and express no opinion with respect to the laws of
any jurisdiction other than the laws of The Commonwealth of Massachusetts.
Our opinion below, as it relates to the non-assessability of the Shares
of the Fund, is qualified to the extent that under Massachusetts law,
shareholders of a Massachusetts business trust, such as the Fund, may be held
personally liable for the obligations of such Fund. In this regard, however,
please be advised that the Declaration of Trust disclaims shareholder liability
for acts or obligations of the Fund and provides that notice of such disclaimer
may be given in each note, bond, contract, certificate or undertaking made or
issued by or on behalf of the Fund. Also, the Declaration of Trust provides for
indemnification out of Fund property for all loss and expense of any shareholder
held personally liable solely by reason of his being or having been a
shareholder of the Fund; provided, however, that no Fund property may be used to
indemnify any shareholder of any series of the Fund other than Fund property
allocated or belonging to that series.
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Board of Trustees of Pioneer Europe Fund
December 18, 1996
Page 3
We are of the opinion that all necessary action precedent to the
issuance of the Shares has been duly taken, and that the Shares were legally and
validly issued, and are fully paid and non-assessable by the Fund, subject to
compliance with the 1933 Act, the 1940 Act and the applicable state laws
regulating the sale of securities.
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Board of Trustees of Pioneer Europe Fund
December 18, 1996
Page 4
We consent to your filing this opinion with the Securities and Exchange
Commission together with the Rule 24f-2 Notice referred to above. Except as
provided in this paragraph, this opinion may not be relied upon by, or filed
with, any other parties or used for any other purpose.
Very truly yours,
/s/Hale and Dorr
Hale and Dorr
